BoJ Hikes Rates to 1.00% But Yen Holds Near 160.00 Against USD
The Bank of Japan raised rates by 25 basis points and paused its QE taper, yet USD/JPY remains above 160.00 amid muted market reaction. The Bank of Japan increased its benchmark rate by 0.25% to 1.00%, a move widely anticipated by markets, leaving the Japanese Yen largely